I’m seeing to many people sharing the news that Canadian government blocked 40 Bitcoin wallets because they’re related to the convoy protest.
What’s really happened is that the government told every exchange in Canada to block any deposit coming from those 40 wallets. That’s totally different than blocking a wallet.
Bitcoin is free and always will be.
Nobody can stop those people to use their BTC how they want. They can pay anyone they want and no government can block a transaction in the blockchain. What they can’t do is to send btc to a Canadian exchange and to convert it to fiat.
I think most people forgot that Bitcoin was created in order to be an international currency free from any government control, and nothing changed. If people use btc just to make a profit and then convert it to fiat, that’s not Satoshi’s fault and not his original idea.
I don’t sympathize with the convoy protest, I don’t really care about it, I just don’t like the idea that governments can control or block anyone’s money.
If everyone would start accepting payments on btc (or any other crypto) no government could block or control the economy.
By the way, any exchange not located in Canada could easily accept those btc because they’re not under Canadian jurisdiction. I’m sure Gate, Coinex, Kucoin and similar have no problems about it.
28 thoughts on “No, Canada didn’t block any Bitcoin wallet simply because it’s impossible”
You mean they cant shut down my wallet like they close my bank accounts?! Freedom!!!
Did they park some trucks on the fiat off-ramp?
A large portion of those people don’t read any more than they absolutely have to. To be frank a lot like here, looking at you “where tldr” people.
The fact that this sort of proud to be ignorant mentality is getting so popular is rather worrying. At least to me.
Why are people acting like blacklisted addresses in crypto haven’t happened many times before. https://www.coindesk.com/markets/2020/03/02/us-treasury-department-blacklists-20-bitcoin-addresses-tied-to-alleged-north-korean-hackers/ Governments have for many years blocked bank accounts of criminals and so has the crypto community when a hack has happened. https://coingeek.com/exchange-blacklist-prevents-twitter-hacker-from-stealing-more-btc/
Hypothetically, how would you feel if it was Al Qaeda wanting to send money to Mohammed Atta to crash the plane into the tower. Would it be wrong for the US to prevent Coinbase and Kraken from accepting payment?
It’s just a rhetorical question. I don’t have an opinion on this because every black and white answer leads to a slippery slope.
People always tend to misinterpret.
That is a good point OP.
Governments have control over banks and any regulated crypto exchange within their jurisdiction. Anyone sending BTC from a Canadian crypto exchange to support those illegal protests would risk their crypto exchange account locked up and/or their connected bank accounts to be frozen or restricted. That’s basically it, and that’s why it’s important to hold the keys to your crypto if you want freedom from centralization. A lot of people are still unaware of how BTC functions but they are coming around.
Regulation will find a way, just will be slow as always. Right now crypto is the wild west, it has very few uses, which makes it hard to control. Once/if crypto is more tied in with day to day life, it is stupidly easy to regulate as all the transactions are public information. It is a totalitarian states wet dream.
what’s stopping them from transferring funds out of one one wallet and into a ‘clean’ wallet, spending the gas fee and then withdrawing? genuinely curious.
Most news is fake news. The people who write up this crap don’t actually do any research besides talking to someone thinks they know something or from some other article. The news is just a big telephone game.
trudeau will face the wrath of a thousand suns
my two favs: canadian truckers and btc
And that’s the power of crypto.
God main steam media HATES these truckers who are protesting for causes they feel just in supporting – same thing they did with BLM
Go truckers fuck trudeau. Bitcoin is the tool we need for freedom
The fact that this situation is being interpreted by people on this sub to be a rallying cry for crypto is all sorts of weird. I had arguments with people who were convinced that by the government not allowing those wallets to send deposits, it allows a slippery slope of not being able to control any of one’s own personal possessions.
The wallets have been blocked because they’re associated with the protest that is breaking laws. A blockchain would detect if you’re willingly sending money to something that is knowingly breaking the law. That’s not a good look lol. The government can combat things that are illegal, it’s kind of their job lol. As OP stated, you can do whatever the fuck you want to do with your crypto except those deposits coming from 40 wallets. Bitcoin isn’t designed for anarchy or secrecy, it’s actually very easy to see if something is sent to a suspicious place because of the entire ledger of its history that the whole world can see.
>Nobody can stop those people to use their BTC how they want
Someone should read the whitepaper:
But muh Canada bad circlejerk!
Micheal Saylor or someone else really loaded needs to just show up with 10 million in cash and buy the BTC of the people. They then deliver the cash to people at the protest.
Exactly. I wouldn’t even know of a Canadian centralised exchange. But I could easily wrap my btc and trade it on a dex like Uniswap. How on god’s green earth are they gonna stop me from cashing that out to stables and onward to fiat? There is so much ignorance in the futile belief that crypto can be ‘banned’. It simply cannot. The genie is already out of the bottle.
Does this include DEXs?
Bitcoin attracted many by the fact that it is not under state control. Although, I am sure that this does not suit the governments of many countries and they will try to seize power over Bitcoin.
Too bad they’re too dumb to just make a new wallet and send themselves the funds. Problem solved. Or use a privacy coin like TurtleCoin or Monero.
Just be careful they don’t put you on the terrorist list. I don’t like the Proud Boys but neither did our glorious leader and he put them on the list.